"Recent developments regarding the inflation outlook indicate significant risks to price stability. The central bank will take the necessary actions to support price stability," the bank said shortly after the release of the inflation data.

"(The) monetary stance will be adjusted at the September monetary policy committee meeting in view of the latest developments."

The lira was worth 6.6 against the US dollar, a loss of nearly 1.5 percent on the day after 0930 GMT, rallying slightly after the central bank's indication.